MIT released blockhain-based diplomas

Over 100 graduates of Massachusetts Institute of Technology received blockchain-based digital diplomas
21 October 2017   945

More than one hundred graduates of the Massachusetts Institute of Technology (MIT) received digital diplomas issued using blockchain of Bitcoin. This is reported by CoinDesk.

As representatives of the university explained, the Blockcerts Wallet application was used to issue "verified" and "counterfeit" digital versions of diplomas. The software project also involved Learning Machine, which last year, in conjunction with the Laboratory of Media Lab Massachusetts Institute of Technology was developing an open standard called Blockcerts.

From the beginning, one of our primary motivations has been to empower students to be the curators of their own credentials. This pilot makes it possible for them to have ownership of their records and be able to share them in a secure way, with whomever they choose.
 

Mary Callahan
Registrar and senior associate dean, MIT

According to representatives of the Learning Machine, MIT - one of the first universities in the world that issued education documents using the technology of the distributed registry.

People can own and use their official records, which is a fundamental shift.
 

Chris Jagers
Co-founder and CEO, Learning Machine

According to him, security provided by blockhain is much more important than other aspects, such as speed, costs or ease of use.

It should be noted, however, that the diploma itself is not kept in the blockchain - the system only provides a timestamp, which indicates that MIT has created a digital record for a particular certificate. At the same time, these data are enough to allow graduates of the university to confirm the diploma availability in the future.

Ethereum Scaling Solution Raiden to Launch Last Testnet

As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second
20 July 2018   162

On Thursday, July 19, at the Dappcon developer conference in Berlin, the last test network of Raiden for the Ethereum blockchain was launched, CoinDesk reports.

The release includes a minimal implementation of the scaling solution, which will allow the transfer of Ethereum tokens outside of the main blockchain. This is the last test phase before the introduction of technology into the core network of Ethereum.

It's the first step towards going to the mainnet. We really want people to really test this so we have a user interface, we have an API and we've created an open Github for everything they could find, so if we go hopefully bug-free on the mainnet.
 

Lefteris Karapetsas

Core Developer, Raiden

According to him, the new release represents an early implementation for the core network and contains a new rewritten code of smart contracts and payment channels that can be restored in case of unintended closure.

Also, Karapetsas urged developers to join the test network to help detect possible bugs, adding that a bounty program will be launched to encourage this activity.

The release date for the main network has not yet been assigned, but the developers intend to follow this earlier promise and launch Raiden this summer.

Karapetsas also promised to publish regular updates and code optimizations after the full release, adding that Raiden will complement other Ethereum scaling solutions that are currently being developed.

Raiden is essentially the payment channel network for ethereum, it's supposed to help us scale token transfers. The long term goal would be to have people use Raiden from a mobile device and be able to make off-chain token transfers just from their phone. That would be the long term vision, it would probably work in combination with various scaling solutions, sharding, plasma, a sort of hybrid.
 

Lefteris Karapetsas

Core Developer, Raiden

Raiden is developing from the 2015 and is written mostly on Python. The project is much like the Lightning Network. As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second.